AllAnalyst Report
logoMorningstarJune 17, 2021

ManpowerGroup Inc.: Manpower: Increasing Our Near-Term Assumptions; Does Not Materially Affect Our Fair Value Estimate

Symbols
MAN
Sector(s)
Industrials
Rating
Current Price
$74.84
Fair Value
Economic Moat
Stewardship
Summary

ManpowerGroup is one of the largest firms in the fragmented global staffing industry. It serves each main staffing category--temporary, permanent, and project-based--and also offers a suite of HR outsourcing and outplacement services. Manpower generates annual revenue and operating income of more than $18 billion and nearly $200 million, respectively. A vast majority of sales are generated outside t

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Analyst Profile

Joshua Aguilar

Equity Analyst
Joshua Aguilar is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers a variety of industrials stocks, including diversified conglomerates. Prior to becoming an analyst, Aguilar was an associate on Morningstar’s financial-services team and a member of the valuation committee.Before joining Morningstar, Aguilar was a small-business-transaction attorney and represented clients in entity formation, buying and selling businesses, contract drafting, and deal negotiation.Aguilar holds a juris doctor degree from Wake Forest, a Master of Business Administration in finance from Rollins College, and a bachelor’s degree in political science and criminology from the University of Florida, where he graduated magna cum laude.